×
32 937
Fashion Jobs
RALPH LAUREN
Polo Factory Store Children - Store Selling Manager
Permanent · Cabazon
FOOT LOCKER
Senior Human Resources Manager
Permanent · New York
FOOT LOCKER
Loss Prevention Officer 3rd Shift
Permanent · Junction City
ROSS STORES
Store Protection Specialist
Permanent · Honolulu
ROSS STORES
Store Protection Specialist
Permanent · Los Angeles
ROSS STORES
dc Operations Manager
Permanent · Shafter
ROSS STORES
Coordinator, Human Resources Administration
Permanent · New York
ROSS STORES
Manager, Transportation Finance
Permanent · Fort Mill
ROSS STORES
Manager, sr Operations - dc
Permanent · Perris
ROSS STORES
Lead Business Analyst, Master Data Office
Permanent · New York
ROSS STORES
sr. Manager, Cross Dock & Store Delivery Transportation Procurement
Permanent · Fort Mill
ROSS STORES
dc Operations Manager
Permanent · Perris
AEROPOSTALE
District Manager (Southern California), Sparc Group
Permanent · Los Angeles
COTY
sr Buyer, na Regional Skincare
Permanent · New York
NORDSTROM INC
Loss Prevention Security Ambassador - Tysons Corner
Permanent · McLean
NORDSTROM
Loss Prevention Security Ambassador Southcenter
Permanent · Tukwila
NORDSTROM INC
Security Ambassador 1-2
Permanent · Roseville
NORDSTROM INC
Loss Prevention Security Ambassador Last Chance
Permanent · Phoenix
NORDSTROM INC
Loss Prevention Security Ambassador Portofino Shopping Center Rack
Permanent · Shenandoah
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Greenville
KOHLS
District Loss Prevention Manager - Robinson PA
Permanent · Pittsburgh
KOHLS
Full-Time Loss Prevention Service Specialist
Permanent · Salem
Published
Aug 27, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Cole Haan announces upcoming IPO

Published
Aug 27, 2019

Following reports that the American footwear brand’s annual sales totaled $687 million last year, Cole Haan has revealed that it is preparing for an initial public offering.
 

No dates have been provided in relation to the footwear company's planned IPO - Instagram: @colehaan


Currently owned by private equity firm Apax Partners, which acquired the brand from Nike in 2013, Cole Haan has not yet provided any kind of timeline for its planned IPO.
 
However, Bloomberg, which first reported the news on Monday morning, cited an unnamed source familiar with the matter, who stated that the company is already in discussions with investment banks.

“Our management team is confident in the opportunities we have created for the Cole Haan brand and our business globally,” said Cole Haan CEO Jack Boys said in a statement. “Based on the momentum we have generated in the business and the opportunities we believe are before Cole Haan, we have determined that now is the time to prepare for an initial public offering of the company’s shares.”
 
Initially better known for its formal footwear, Cole Haan has expanded its offering since leaving Nike’s stable, diversifying into more casual, comfort-focused models, which have allowed the company to benefit from the ongoing athleisure trend.

The brand has gone from strength to strength over the last few years, with sales reportedly rising from $535 million in 2012 to $687 million in the fiscal year ended June 1, 2019, up 14% in the last year alone.
 
Adjusted earnings before interest, taxes, depreciation and amortization are also reported to have sprung up 56% to $95.3 million in fiscal 2019.
 
This progress has, in part, been pushed by product innovation, with the company’s ZeroGrand model, first launched in 2014, proving to be a particular favorite, but international expansion has also been an important growth driver.
 
The company now sells its products in more than 60 countries, with 112 owned stores in the U.S. and Canada, and 80 in Japan, as well as a further 176 distributer-run locations in other foreign markets.

Copyright © 2021 FashionNetwork.com All rights reserved.